Tag: RR Kabel gets Sebi approval for IPO

NEW DELHI: TPG Capital-backed wires and cables manufacturer RR Kabel Ltd has received capital markets regulator Sebi's go-ahead to raise funds through an Initial Public Offering (IPO).The IPO comprises a fresh issue of equity shares aggregating up to Rs 225 crore and an Offer For Sale (OFS) of over 1.72 crore equity shares by promoters and other shareholders, according to the Draft Red Herring Prospectus (DRHP).The company, which filed draft IPO papers with the regulator in May, obtained its observations letter on August 24, an update with the...